Moratorium on Terminations

As some of you may know a Conditional Moratorium was signed by banks on terminations and legal enforcement of mortgage and related agreements under debt review.  The document was sent by the NCR to all Debt Counsellors yesterday. This is a very important piece of communication which illustrates the circumstances under which banks are prepared to put an interim moratorium on terminations for cases where the consumer is paying sufficient amounts whilst a court day is awaited.

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